Patriot Transportation’s 2Q Profit Rises

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Tank and bulk carrier Patriot Transportation Holding’s fiscal second-quarter net income rose to $1.7 million, or 18 cents a share, from $1.4 million, or 15 cents, a year ago.

Revenue for the quarter ended March 31 rose 3.9% to $28.6 million. Transportation segment revenues rose $1.4 million to $23 million.

Patriot undertook a 3-for-1 stock split in the form of a dividend on Jan. 3, and new shares were issued on Jan. 17.Ìý

Patriot operates tank carrier Florida Rock & Tank Liand a real estate business.



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